Ossprey secures $2.65M to stop software supply chain attacks

UK software supply chain security startup Ossprey has raised $2.65
million in an oversubscribed pre-seed funding round to accelerate product
development, expand its engineering and commercial teams, and support
international growth. The round was led by Episode 1 Ventures, with
participation from Osney Capital and Octopus Ventures.

Founded by Nate Dunning and David Read, Ossprey develops software
supply chain security technology that helps organisations detect malicious code
hidden within open-source software packages before it reaches production
environments. The platform continuously scans open-source packages for malware,
enabling development teams to secure their software without slowing engineering
workflows.

The company was founded in response to growing software supply chain
security risks as AI accelerates modern software development. Around 90 per
cent of enterprise software relies on open-source components, while attackers
are increasingly embedding malicious code within trusted packages to infiltrate
organisations through legitimate development workflows.

As AI coding assistants
accelerate software development and increase the volume of code entering
production, securing the software supply chain has become increasingly
important.

We founded Ossprey because existing approaches weren’t designed
for the pace modern engineering teams now operate at. Organisations shouldn’t
have to choose between shipping software quickly and building it securely.
This
investment allows us to continue developing technology that helps organisations
build safely at AI speed while expanding our reach internationally,

said
Nate Dunning, CEO of Ossprey.

The company plans to continue expanding across the UK, Europe and North
America, focusing on enterprise organisations building software at scale, while
preparing for a larger funding round to support its next stage of growth.